InsureZone’s technology focuses on getting policies sold by making the application, quoting and sale of a policy simple. Many of today’s wholesale agencies look the same: ACORD forms, emails back and forth, excel spreadsheets, no real-time reporting, and hoping that polices get sold, serviced and renewed at the right time. InsureZone’s brandable wholesale platform stands out from the rest by automating the entire policy sales and servicing process in all of the areas where technology can add speed and accuracy and minimize redundancy: submissions, quoting, binding and servicing policies in one all-inclusive platform.
This platform is ready for you to plug in producers, agents, and underwriters, as well as back-office CSR’s and support staff. Back office underwriting and servicing support from your staff, together with an available roster of 50+ personal and commercial lines carriers offers an ideal solution for any wholesale operation looking to grow and streamline their operational efficiency.
Quote+ is an example of a fully functioning wholesale agency that uses the entire InsureZone branded wholesale platform. Quote+ uses all 18 components of the InsureZone software product line, and allows independent insurance agents to quote, bind, and service their policies online. Through the use of the InsureZone wholesale platform, Quote+ manages a $50MM book of business with 6 producers (3 personal and 3 commercial) and 4 service team members. In addition to automating the sales and service processes, agents benefit from automated book rolls, document retrieval/storage, reporting, IVANS policy download, and agency management system integration.
Established independent agencies, MGAs, and aggregators looking to step back from the day-to-day administrative tasks of agency ownership and introduce new operational efficiencies find an ideal solution in InsureZone’s Retail division. Built on the FIDO CRM toolset, this platform provides electronic quoting and automates the sales and servicing workflows, agent/member management, and individual agency reporting. The operational efficiencies afforded by the InsureZone retail platform have enabled organizations across the country to redirect their full focus to the growth of their operation.
This software was specifically created to run the InsureZone Direct operation and is an example of the branded retail sales platform at work. InsureZone Direct Agents are able to leverage the benefits of a large national operation while maintaining their independent identity and name. The submitting agents sell the policy and the InsureZone Direct platform handles the back-office and housekeeping tasks that would typically slow them down.
InsureZone was started in 1999 and all of the technology built in the 20+ years since was developed in response to the needs of their internal insurance operations. In 2007 InsureZone began licensing its software to outside users, when it was apparent that other agents, brokers, wholesalers, MGA’s and carriers across the country had similar needs. The platform now consists of 18 proprietary products and is a result of continued internal development, leveraging the needs and insights of licensed users, and adapting to the ever changing insurance environment.
The 18 products form an unrivaled modular platform for submission management, quoting, policy sales, policy self-service, document management and agency relationship management. The typical user of InsureZone’s software has been able to reduce their operational costs by an average of 30% while more than doubling their submissions and premium written.
Today, InsureZone’s customers span the entire insurance industry from rural agents to multi-national brokers and insurance companies. More than 25,000 agencies use the software, totaling over 45,000 users.
The InsureZone platform was designed to handle submissions for any type of insurance product, to be an “electronic front-door” for any insurance operation. When possible, applications are rated in real-time. When an application can’t be rated in real-time, the application and appropriate ACORD forms are routed to the correct broker, underwriter or carrier. The platform provides real-time comparative rating for personal, commercial, and surplus lines carriers. Users submit risk Information once in one of three ways: (1) through manual entry (with or without application prefill services), (2) ACORD PDF upload from any agency management system, or (3) integrated AMS upload. Bindable comparative quotes are returned from over 50 major national and regional carriers in minutes.
Policy rating is available in all 50 states, for all classes and lines of business. Rating only setup is self-service and requires just minutes on the Quoteplus.InsureZone.com web site. In addition to the rating software available for agents to use is Leads 2.0: a “Get a Quote Now” widget that can be installed on the agency website or linked in the agency’s email footer to provide real-time self-serve quotes to potential insureds.
For a full list of available carriers, click here.
Through partnership with RetireCo, a Milwaukee based life insurance wholesaler, InsureZone is able to offer Life, Annuities, Disability, Identity Theft Protection, Living Trusts, Long Term Care and Medicare Insurance products to any agency using the InsureZone platform regardless of the agent or agency’s licensing status for Life products.
Through RetireCo, Life licensed agents receive 90-100% of Street Level Commissions plus carrier incentives, and agencies that are not life licensed can earn lead fees for referring business that RetireCo will sell and service. RetireCo works directly with the consumer to provide the highest quality quoting, policy sales, and policy service. RetireCo brings 200 carriers to this partnership with InsureZone along with award-winning sales, service, and marketing solutions.